a) To finance its expansion interstate, the board of directors at Sustco issued a prospectus on April 1, 2022, to offer 1,100,000 ordinary shares at an issue price of 85cents each to existing shareholders. 75% of the share value was payable on application and the remaining half was payable on call.

On July 31, 2022, applications closed, and Sustco received applications for a total of 1,100,000 shares. The cost of drafting the prospectus comprised $12,100 (GST

Inclusive) in legal fees which were paid on the day of application closure. Shares were allotted on August 1, 2022. On November 30, 2022, the final call on the shares was made, and all cash was received on the call by December 15, 2022.

Record the above transactions in the General Journal below. GST needs to be accounted for. Narrations are not required.